Thursday, November 17, 2022

Economic Development Corporation Meeting

Council Chambers
3815 Sachse Road, Building B
6 p.m.

The Sachse Economic Development Corporation reserves the right to reconvene, recess, or realign the regular meeting, call Executive Session, or order of business at any time prior to adjournment.

As authorized by Section 551.071(2) of the Texas Government Code, these meetings may be convened into closed Executive Session at any time during the Sachse Economic Development Corporation meeting for the purpose of seeking confidential legal advice from the City Attorney on any workshop or regular meeting agenda item listed herein.

A. Regular Meeting Opening

Subject: 1. Call to Order: The Board of Directors of the Economic Development Corporation of the City of Sachse will hold a Regular Meeting at 6 p.m. on Thursday, November 17, 2022, to consider the following items of business:

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Procedural

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A. Regular Meeting Opening

Subject: 2. Invocation and Pledge of Allegiance to the U.S. and Texas Flags.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Procedural

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A. Regular Meeting Opening

Subject: 3. Sachse Business Spotlight.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Information

BACKGROUND

In an effort to bolster business retention and expansion efforts, local Sachse businesses are selected and invited to attend EDC meetings. The goal for the Sachse Business Spotlight is to build and grow relationships between staff, the EDC, and the local business community.

OVERVIEW

Local businesses in Sachse are invited to present during the Sachse Business Spotlight.

POLICY CONSIDERATION

There are no policy considerations affiliated with this item.

RECOMMENDATION

Receive a brief introduction and update from a local Sachse business as part of the Sachse Business Spotlight.

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B. Public Comment

Subject: 1. Public Comment: The public is invited at this time to address the Board. Please come to the microphone and state your name and address for the record. However, if your remarks pertain to a specific agenda item, please hold them until that item, at which time the presiding officer will solicit your comments. The time limit is 3 minutes per speaker. The Board is prohibited by state law from discussing any item not posted on the agenda according to the Texas Open Meetings Act, but may take comments under advisement. Issues raised may be referred to City staff for research and possible future action.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Information, Procedural

Those who wish to speak may fill out a form or email the City Secretary prior to the meeting.

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C. Consent Agenda - All items listed on the consent agenda will be considered by the Board and will be enacted on by one motion. There will be no separate discussion of these items unless a Board member so requests.

Subject: 1. Approve the minutes of the October 27, 2022, meeting.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Action (Consent), Minutes

Preferred Date: Nov 17, 2022

Absolute Date: Nov 17, 2022

Recommended Action: Approve the minutes as presented.

BACKGROUND

Minutes of the October 27, 2022, meeting.

POLICY CONSIDERATION

There are no policy considerations affiliated with this item.

RECOMMENDATION

Approve the minutes as presented.

File Attachments

10.27.22 EDC Minutes.pdf (180 KB)

All items listed on the consent agenda will be considered by the Board and will be enacted by one motion. There will be no separate discussion of these items unless a Board member so requests.

Motion & Voting

Approve the minutes as presented.

Motion by Teddy Kinzer, second by Mark Potter.

Final Resolution: Motion Carries

Yes: Marcia Harris-Daniel, Teddy Kinzer, Mark Potter, Jim Mason, Richard Chandler, Chinelo Nwanze

Subject: 2. Accept the monthly revenue and expenditure report for the period ending September 30, 2022.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Action, Discussion

Recommended Action: Accept the monthly revenue and expenditure report for the period ending September 30, 2022.

Goals: Be a model of financial stewardship through growth management, responsible investment, and financial transparency.

BACKGROUND

The Sachse Economic Development Corporations Treasurer prepares a report each month to update the Board concerning the current year's budgetary process. This month's report consists of the summary financial report presented to City Council covering September 2022. Also included is a preliminary line-item budget report and balance sheet for October 2022.

RECOMMENDATION

Accept the monthly revenue and expenditure report for the period ending September 30, 2022.

File Attachments

EDC 9-30-22.pdf (87 KB)

EDC Budget Report 10-31-22 Preliminary.pdf (131 KB)

EDC Balance Sheet 10-31-22.pdf (77 KB)

Motion & Voting

Accept the monthly revenue and expenditure report for the period ending September 30, 2022.

Motion by Teddy Kinzer, second by Richard Chandler.

Final Resolution: Motion Carries

Yes: Marcia Harris-Daniel, Teddy Kinzer, Mark Potter, Jim Mason, Richard Chandler, Chinelo Nwanze

D. Regular Agenda Items

Subject: 1. Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest, special events, announcements and activities, office, industrial, commercial, retail, business retention, and marketing projects.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Discussion, Information

Goals: Make Sachse more prosperous through job creation and quality development that adds community value.

BACKGROUND

Announcements are made at this time for informational purposes only.

POLICY CONSIDERATION

There are no policy considerations affiliated with this item.

RECOMMENDATION

Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest, special events, announcements and activities, office, industrial, commercial, retail, business retention, and marketing projects.

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D. Regular Agenda Items

Subject: 2. Hold a discussion regarding small business grants and local business grants.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Discussion, Information

Goals: Make Sachse more prosperous through job creation and quality development that adds community value.

BACKGROUND

The Sachse Economic Development Corporation budget contains account codes for a Small Business Grant Program and a Local Business Grant Program. The purpose of this agenda item is to have a preliminary policy discussion about these programs.

OVERVIEW

During the FY 2023 budget planning and approval process money was not specifically allocated to these account codes as staff wanted first to receive policy direction from the Economic Development Corporation.

POLICY CONSIDERATION

The EDC follows statutory requirements relative to economic development projects. There is not currently an active grant distribution policy for small business grants and local business grants.

RECOMMENDATION

Hold a discussion regarding small business grants and local business grants.

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E. Regular Items / Meeting Closing

Subject: 1. Adjournment.

Meeting: Nov 17, 2022 - Economic Development Corporation Meeting

Type: Procedural

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